Press Digest: British Business - May 17

Harland & Wolff group

17/05/2024 04:54

May 17 (Reuters) - Following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy. 
    
    
    The Times
    - British drugmaker GSK  GSK.L  said on Thursday it plans to
sell about 385 million shares, representing its entire
shareholding, in spun-off consumer healthcare business Haleon
 HLN.L .
    - Johan Lundgren will step down as the chief executive of
budget airline easyJet  EZJ.L  at the turn of the year after
seven years at the helm.

    
    The Guardian
    - A union representing workers at the Harland & Wolff
 HARL.L  shipyard in Belfast has written to the chancellor,
Jeremy Hunt, warning that doubts over financial support for the
company are putting jobs in jeopardy.
    - A shake-up of the postal service that could hand the owner
of Royal Mail a 300 million pound($379.68 million) boost will
not take place before the general election, as the company’s
bosses meet ministers to discuss its proposed 3.5 billion
pound($4.43 billion) takeover by a Czech billionaire.
        
    The Telegraph
    - Chevron  CVX.N  said it is set to launch the sale of its
remaining UK North Sea oil and gas assets, in a move that would
mark the U.S. energy giant's exit from the ageing basin after
more than 55 years.
    - Rival companies would be asked to step in and manufacture
three Fleet Solid Support (FSS) warships should Harland & Wolff
 HARL.L , the Belfast-based yard that built the Titanic, be
unable to deliver. 
    
    Sky News
    -European insurer Wefox warned investors that it could face
collapse within months as it contends with a slew of regulatory
and financial challenges.
 

($1 = 0.7901 pounds)

 (Compiled by Bengaluru newsroom)
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